The Brazilian economy expanded 0.8% in the second quarter over the first quarter reported Wednesday the Brazilian Geography and Statistics Institute. This represents a 5.4% increase over the same period a year ago.
The United Nations Economic Committee for Latinamerica and the Caribbean, CEPAL, recommends Latinamerica and MERCOSUR to have closer links with the Association of South East Asian nations, ASEAN.
Chinese inflation for the second consecutive month peaked a ten year high pushed by a sharp rise in meat prices. The consumer price index reached 6.5% in the year to August, up from 5.6% in July, said the National Bureau of Statistics.
The United States trade deficit narrowed 0.3% last July to 59.2 billion US dollars with record food and car exports helping to offset higher costs of imported crude.
Nearly 15% of Chile's work force earns a salary that is less than the legal minimum wage, according to the latest Survey of National Socioeconomic Composition (CASEN).
The euro hit a new all-time high against the U.S. dollar on Wednesday, climbing as high as US$1.3878 amid speculation that the Federal Reserve will soon cut interest rates.
Argentine Agriculture Secretary Javier de Urquiza and the governor of Chubút province, Mario das Neves, signed an agreement whereby the PRODERPA Patagonian Rural Development Project will start to be implemented.
Chile is slated to become the first country in Latin America to reach a Gross Domestic Product (GDP) of over 10.000 US dollars per capita, according to a recent report by Columbia University's Economist Intelligence Unit.
Asia Pacific Economic Cooperation, APEC, leaders meeting in Australia pledged on Sunday their political will and flexibility to bring faltering global trade talks into their final phase this year.
Millions of people throughout the developing world could be left out of the window of opportunity created by current windfalls of commodities unless those funds are used to diversify emerging economies according to a report by a United Nations (UN) agency.